Tickets are to be issued as an NFT on the Polygon blockchain for the Monaco Formula One Grand Prix Events which runs from May 26 to 28.

The largest ticket operator for Grand Prix events has partnered with an NFT marketplace and a Web3 firm to launch a new platform.

Highlights

A new NFT ticketing system is set to debut around this weekend’s Monaco Grand Prix.
NFT tickets are issued on the Polygon blockchain and will be available at the Monaco race.
The ticketing platform combines the robust security of Elemint with the forge-proof uniqueness of NFTs to enhance ticket authenticity and prevent counterfeiting while providing fans with lasting digital mementos, Polygon Labs said in a statement.
The platform is a result of a three-way partnership between NFT marketplace, Web3 firm Bary and Platinium Group, the largest ticket operator for Formula One Grand Prix events.
The tickets are set to offer other benefits in the future, such as post-race experiences or ticket discounts.

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